Evo Morales: Economy is Now in the Hands of the People, Not IMF

The Bolivian government has nationalized its country's resources and key industries, but you can bet in the rest of the economy people are working hard, starting their own businesses, and doing some excellent capitalism. Except now their hard work is really paying off, and is not being syphoned off by the elite and their western backers.

According to the leader, in the past, the different international organizations used to treat Bolivia as a "colony," deciding the future of the people using an economic model based on privatization of Bolivian industry and natural resources.

He also reminded, showing archive news articles, that in 1993 the WB demanded that Bolivia privatize the large national gas company (YPFB), as part of the then economic policies for the country. 

According to the president, the IMF would be practically deciding who would be on the economic team advising the government.

"We all have to give birth to programs, our programs, our social policies, we all have to make a plan so that Bolivia continues to lead in economic growth," he said.

Bolivia currently has one of the storngest economies in the region, based on redistributing wealth and an "economic social communitarian productive model." Evo Morales has long argued that this is possible thanks to the country's nationalization of natural resources and strategic industries.

Telesur 

Evo Morales: Economy is Now in the Hands of the People, Not IMF